Construction
Financial Breakdown
This facility has ballooned past cost estimates originally around $60,000,000 it is now reached roughly $174,027,286 for the public.
The math breaks down like this to build CleanLane:
$35,355,000.00 Bond Proceeds
$23,672,286.00 Total Bond Interest
$100,000,000 estimated price of BHS Equipment (secured lending with 25 year contract between BHS and the county, with county to pay back) - AKA the Private investment
$15,000,000 tax credit from Inflation Reduction Act
$174,027,286 Total knows costs (2/4/2025)
The true Cost of CleanLane
If you calculate the total financial impact to CleanLane, over 25 years (contracted agreement length with BHS), the collective county garbage user cost is $352,948,872.35
Tipping fee increases for CleanLane
Year 1-2 11% increases
Year 3-4 9% increases
Year 5-25 3% increases
103% tipping fee increase over 25 years
$91.32 (2023) to $248.68 (2048)
Avg CPI (2.6%) over 25 years = 65%
